AGNC Investment (NASDAQ:AGNC) Shares Up 1.2% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 1.2% on Tuesday . The stock traded as high as $9.27 and last traded at $9.24. 6,164,474 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 14,255,386 shares. The stock had previously closed at $9.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Stock Up 0.8 %

The business’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $9.94. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.15 billion, a PE ratio of 6.39 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a yield of 15.1%. The ex-dividend date of this dividend is Tuesday, December 31st. AGNC Investment’s payout ratio is 100.00%.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in AGNC Investment by 8.4% in the second quarter. Bank of New York Mellon Corp now owns 2,435,422 shares of the real estate investment trust’s stock worth $23,234,000 after purchasing an additional 187,949 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AGNC Investment by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,157 shares of the real estate investment trust’s stock worth $1,413,000 after acquiring an additional 18,205 shares during the last quarter. Signaturefd LLC boosted its holdings in AGNC Investment by 23.4% during the 2nd quarter. Signaturefd LLC now owns 8,355 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 1,582 shares during the period. Rothschild Investment LLC bought a new position in AGNC Investment in the 2nd quarter valued at $88,000. Finally, IFG Advisory LLC purchased a new stake in AGNC Investment in the second quarter worth $128,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).